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, the thing that is really holding the economy back? if so then you had a bad week. >> first jobs report of the year. >> fourth quarter gdp numbers are down. >> the republican party can't move forward. >> government spending does actually help the economy. >> a trillion dollar stimulus bill, supposed to create jobs. >> we need to start solving the actual problem. >> we need to cut spending. >> cutting. >> cutting very popular social insurance programs. medicaid, medicare, social security, health care. >> there is another economic reason why we need reform. >> let's help to build the greatest economic engine the world has ever known. >> as congress gets ready to tackle the immigration, there will be a snag. >> the republican party can't move forward. >> doesn't want to do anything on comprehensive immigration reform. >> what would you do about immigration? >> how to deal with border security. >> first we strengthen the borders. >> they have to be reasonable how they do it. >> we define ourselves as a nation of immigrants. >> the economy is back in the spotlight. >> government does help th
to grow the economy, shrink government and create confidence that we are not greece. and, oh, heck, my friend steve kroft lobbed a bunch of softballs at president obama and hillary clinton in his "60 minutes" interview last night. and you know what, folks, we still do not know what happened on that tragic, awful night in benghazi when four people were killed. the administration spun two separate stories, we still don't know the narrative. all that, the "kudlow report" starts right now. >>> first up tonight, it could prove to be the most significant immigration reform in years. bipartisan group of four democratic and four republican senators unveiling their blueprint this afternoon for border security, guest worker cards, more foreign brainiacs and employer verification, maybe even a path to citizenship. cnbc's own eamon javers joins us now with the details. good evening, eamon. >> well, we've almost gotten out of practice at watching bipartisan groups of senators hold press conferences here in washington. that's not something we're used to seeing. in recent months, anyway. but the sena
that to you shortly. now, the latest news about our economy and it is so grim. shrinking in the fourth quarter. biggest dip in three years. instead of jumping into high gear to figure out what to do to reverse the economic bad news, top democrats use their time to play the blame game. they say it's all the republicans' fault. >> the economy shrunk. last three months our economy shrunk. >> new report suggests that the economy still has not really fully recovered from the financial crisis four years ago. >> now the democrats, this is the best looking contraction it has ever been in this country. >> it's beyond the flirtation with default to see republican leaders say, i got sequester in my back pocket -- this is not a game. >> you remember what the administration's growth forecast were for the next three to four years. it was anywhere between 3-4 1/2%. >> have you heard poor men spending themselves into prosperity. it's dumb. >> there is more work to do in our economy and facing a major headwinds. that is republicans in congress. >> if there were republican in white house we would never come out
that the media is creating for him. >> no. >> covering up for his terrible economy, people blaming bush in the twilight zone important this economy that has gone on for four years and now getting worse because he is smothering the private sector. they cover up these entitlements >> the election is over. you are not holding a grudge, are you? >> you don't care how much nbc and american people are able to see the reality of the two candidates for themselves. >> we got to run. >> sean: good to see you both. we're back in the recession. >> we're not in the recession but it was bad news. >> sean: it may be a recession, we'll see. i hope not. the country, his policies are not working. thanks for being with us. we learned earlier today for the first time in more than three years, the u.s. economy shrank for top democrats for nancy pelosi they are saying they are not responsible for the fiscal mess that you are now in. they are blaming other people. later tonight, it's bad enough that your tax dollars are being used to arm egypt with f-16s and tanks. we are watching the defense ministers now th
the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood
. china is back and we're seeing the managed triumph of an economy. is that your take? >> pretty clear to me. through wrought the whole concerns about china, which, of course, went on and off all the way through until the late autumn, i was very skeptical about that and i thought we were managing things pretty well. so i was and i remain very relaxed and we'll get the next sets of chinese data in the next week or so. and i'm pretty sure it will show further evidence of china bouncing a bit. .more importantly, that china is slowly adjusting to an economy not so dependent on exports or government investment. and that's what they need and that's what we all want from them. and that is pretty important. >> jim, is it your thought that people should at this point just kind of hold off and pull back and wait and see what happens over the next several months instead of sell in may and go away, is this sell in february and go away? >>. i prefer the sell in may and go away. it has a remarkable rhythm to it. and the fact that a couple of other things successfully passed in january, it's the firs
sure the software economy of 9/11 did not jeopardize her ability to create jobs and opportunities for americans at home. tax rates coming down. people should understand the entrepreneurial spirit of america needs to have a predictable tax policy and weight that do not burden the road. right now we have tax rate discussions that ur economy and that's not good. liz: it's hard to understand. the average hard-working american doesn't always understand what is happening. basically presidt george w. bush got vilified for raising the. despite the fact that on his watch the berlin wall fell, the soviet union collapsed or it at the same time, this president that we have a thing that saying that i will not raise taxes on the middle class family. i won't even raise capital gains taxes. how are we, in this day and age, when president barack obama does not get criticized? >> people should look at what the first president bush did when he did have new taxes. it cost him reelection, but he did the right thing. he got something. he he got disciplined into the federal government. he drove discipli
economy really slumping? and how stupid is it for the president to dissolve his jobs council, which by the way was nothing more than business window dressing anyway. at least today congress did pass a debt ceiling extension so we won't go bankrupt immediately. joining me now, cnbc chief international correspondent michelle caruso cabrera and laffer. i want to ask you about this whole business. government spending on defense really collapsed and helped bring down yesterday's gdp. >> yes, it did. >> so all the liberals are saying see, we told you so, if you cut spending, you're going to ruin the economy. do you believe that? >> no, not at all. government spending is taxation. milton always said it. the government redistributes resources. you can see it really clearly. two-person world, farmer a and farmer b, if farmer b gets unemployment benefits, who do you think pays for them, farmer a? you know, government spending is taxation. the reason we have the great recession is because of the government spending, not in spite of it. >> follow-up. it would be bullish for economic growth. >>
, we are growing, not fast enough. i mean the economy is doing all right. and, you know, the question is going to be now what does congress and president do together. melissa: simon, we're not growing. it is negative. that is the point of the segment. we're not growing. >> i understand. the thing is the economy is doing all right. it is not doing really bad. it is not doing really great. somewhere in the middling place it has been last couple years. that didn't substantially change. as you heard from the other guests. the key thing what is congress and the president going to do? how do we balance need for more growth with also deficit reduction in the next few months. that is where the big battle will be in washington i think. >> let me answer that question. melissa: go ahead. >> i think it is a good one. this is the big political battle, this is one of the reasons i think that the huge fiscal stimulus we had in 2009 was such a expensive mistake because what we did essentially we overloaded the economy with all of this deluge of government spending and essentially what we've done now
, minus one, plus one. all that is a power point. our economy is sluggish today, and there's no reason for it. we have a wonderful country. we have great resources, we still have a free world, the opportunity to move forward. here's my message to the leadership in washington, get in the game. >> thank you. >> join us on monday. have a great weekend. "squawk on the street" starts right now. >>> we have breaking news on this jobs friday. welcome to "squawk on the street." i'm melissa lee, with carl quintanilla and david faber. we're closing in on 14,000. a leg higher in futures just moments ago. the dow looking at 112 points at the open. the s&p 500 looking at about 11 at the open. of course, this is after the best month for january, since january of 1987. as for the picture over in europe, taking the lead from here in the united states in terms of gains, we do see the cap up by 1.3%, and the dax in germany up .6 of 1%. in asia, the real star is the nikkei, embarking on 12-week winning streak with the yen weakening down to 92 versus the u.s. dollar. of course, the road map here starts wi
annual by march 1st, we need to do something smaller in the name of staving off damage to the economy, to consumer, and to federal workers. here's the president. >> if congress can't act immediately on a bigger package, about they can't get a bigger package done by the time the sequester is scheduled fto go into effect, then i believe they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months until congress finds a way to replace these cuts with a smarter solution. >> now, of course the fundamental barriers separating the two sides on either a short term or long term deal is that president says it needs to be balanced as he calls it including both spending cuts and tax increases through closing loopholes. republicans say it has to be only intending cuts. and unlike the fiscal cliff where the president had the advantage, this is one where republicans have that advantage. if nothing happens, all the sequester cuts take effect although it was designed that neither party likes them.
had a lot of smart people who work with us here in chattanooga, and, of course, as the economy went bad, that was a downer for everyone, and then the stimulus money came along. we, fortunately, had already completed a very comprehensive business plan that showed that the system would work, and it would pay for itself over time with the savings that can be achieved from the new technology. melissa: yeah, they were giving away good money after bad for, you know, whatever project was going, so you might as well grab it and spend it on good if they spend it no matter what. geek move, awards $11,250 for moving into the city, $10,000 for expenses, and 12,000 for moving. how many show an interest in the opportunity? >> we've had a hundred applications and we'll filter through them. it is a success based on a similar success a few years ago with artists, encouraging people to move here for a specific purpose, and we have neighborhoods where houses are going wadding. geeks, that's a good term in chattanooga, urban pioneers frequently, so with a little incentive, we can bring individuals to c
in washington are giving us what is good for the economy and that is a on a diet while the private sector continues to grow and when you compare us to the last expansion there were 150,000 private sector jobs added herman in the last expansion and in this expansion there are 200,000. believe it or not washington may be helping us. dagen: if times are so great, why is the ten year treasury below 2% on a yield? why hasn't the bond bear market showed up yet? which you were calling for last march? >> you are right. i got to tell you it has probably more to do with the craziness of central bankers than anything else? i was just in davos last weekend we spent a lot of time talking about the monetary policy, what is going on, how unorthodox this all is. the thing that i said to mark carney of the head of the bank of england was waived lb into uncharted waters and acknowledging we don't know how to get home we decided to sell deeper into uncharted waters. we are setting ourselves up for major problems. the fact that the fed continues to keep interest rates this low especially when i can point to
at the same time. >> how can they get ahead when they do not have the economy and the jobs and the opportunities. >> it is utterly wrong. >> i think this is her rent this. >> it is an honor for me to help out my mother. >> everyone just piles into one house because nobody can afford their own things. stuart: any last comments on the sandwich generation? >> it was like we were in the 40s and 50s. stuart: our time is up. dagen and connell, it is yours. dagen: thank you, stuart. i am dagen mcdowell. connell: i am connell mcshane. the economy when it negative. private-sector job growth offering some hope for the road ahead. connell: you only see this on the fox business network. elizabeth macdonald ringing exclusive video showing us how hospitals are putting money before patients. dagen: research in motion rolling out the blackberry ten. a band-aid for a gaping head wound. connell: i love name changes. dagen: let's go to nicole petallides at the stock exchange. good morning. nicole: let's talk about the markets. the dow is down about 14 points right now. we have had the dow not
. >> and is steady as she goes, the u.s. economy is expected to keep up the recent trend of modesty of unspectacular job growth in january. >>> plus, the dutch finance minister warns of a worsening deficit this year, this after the government is forced to bail out local banks after a bailout of 3.7 million euros. >>> we kick off with the pmis out of the eurozone. january manufacturing pmi, 47.9. the flash 47.5, december manufacturing pmi was 46.1. it has boosted the euro to maintain its gaze, now back over to 1.3651 and continuing to climb high. that is now a 32-month high against the yen, as well, at 11.25965. the german manufacturing pmi was a little better, as well, this morning. helping to boost those numbers. we suggest that there's benefits from emerging markets rather than, perhaps, from elsewhere in europe. anyway, coming in better once again for the eurozone. still in contraction territory, but, of course, the trend is what is being concentrated on. we had similar indicators for two die verging views on china's recovery. eases to 50.4 for january, that was below the forecast of 5079 the. bu
the economy we have right now? >> i think you'd see more hiring and i think you'd see more spending. those are the key things that drive the economy. you mentioned the numbers today. here's a key potent of that number. average hourly earnings, basically how much people are making by hour, right, as they work. do you realize we're at a one and a half year high in average hourly earnings. guess what the number is. it's a little over 2%. nobody has i any money. taxes are going up and people are making really lousy wages. >> people talk about fixing the tax code. one of the big questions is where do you start? would income tax be where with u start or start with corporate taxes or something like that? >> you have a couple things going on. one thing that's huge is the amount of money that's overseas in these corporations, right. the repate ration tax is gigantic. that's why a lot of money is overseas in tax haven. get the money back to the united states so they'll hire and spend capital. that's how you get the economy to grow. >> do you think we see 15,000 this year? it's only the first month.
, great for the economy. david: we will see what happens. a dysfunctional bureaucracy. how about a little bit of help at the gas pump. the governor is looking to completely do away with the state capital. no state has ever done that before. he wants to get rid of his. with us to tell us why coming up later. liz: adam shapiro, how did they do? adam: earnings per share is a miss. revenue came in 699.2 million, the street expecting 698.89 million. one of the things they are saying in the report, they see sales being flat to low single digits, same-store restaurant sales excluding additional prices. last quarter talk about the need to raise prices but they are excluding that going forward into 2013. liz: i see an additional $100 million to repurchase shares of share. david: let's get some details on what is happening with these numbers as soon as they come in. and our market panel. managing director. larry, i want to go to you first come it looks like in between news after hours, the stock not being affected at all. >> not be affected at all. it is a very good by long-term. they're getting in
industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. gerri: president obama has made the oil companies out to be tax cheats, but i'll write down how the world's biggest is paying more than their fair share next. ♪ ♪ gerri: well, it was a record date or near record day for one of the world's biggest companies , exxon mobil. now, the oil joint -- giant barely missed a record 44-year
, and it puts money back into the economy in the form of nearly $37 billion in energy investments. stop making them out to be the bad guys. like you have other successful americans that take pride in a u.s. company being number one in the world. that's a good thing. coming up next, traders seem to love today's jobs numbers, but were they really all that good? our political panel weighs in, and stocks on a roll, lately, topping numbers not seen since 2007. how long will it last, and how high will they go? coming up. coming up. ♪ [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ male announcer ] join the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones, it's how we make sense of investing. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney t
are focusing on the domestic economy. connell: i hate the media, by the way. charles: don't you? the gdp report was great. the thing that was posted last week was really good. certainly a lot of yellow flags. dagen: hangnail, blame the media. john is, blame the media. connell: let's go to bob, talk about betting on american companies. joining us by telephone today from annapolis. always great to have both on the show. we pull back a little bit today, your positive on the market overall though. what do you make of where we are right now? >> we have come a long way in a short. of time. surprised it didn't happen sooner in my view. i think we are digesting the games. but will we get acceptable economic growth, acceptable earnings growth and will the risks like u.s. politics stay out of the way? the answer is yes and my guess for now it is yes. the path of least resistance is higher. connell: even if you are right, people say boy, initial investors, we will talk later about the fact they have been getting more involved in the market and the inflow starting to look better on that front, but some of
a month. that takes a year. and this is what -- and they're putting that much money back in the economy each month. this is very powerful stuff. we're seeing, you know, further expansion in bank lending. i think today in the loan officer's survey from the fed, you're going to see further easing and bank lending standards which we have found to be a pretty good leading indicator of the overall economy. >> bank loan portfolios year on year were up 80 basis points. that's less than 1%. and there's still a huge credit impairment in the mortgage part of the market, which is roughly 50% of bank balance sheets. again, those issues are fannie and freddie mispricing the risk on the high end, fha mispricing the risk on the low end. no requirement in the game roles. that's where you need -- when you look at the senior loan officers survey, that's where you see -- >> i want to ask you a question, macro question. if you had a choice, let's say you had one of those time machine things and you could take the global macro environment for dow 14,000 in october 2007, or the global macro environment for d
a striking a blow to gdp last quarter. this quarter could be even more painful. the effects on the economy itself. find out why in which companies will be feeling it the most. liz: and one money manager who is bearish, one who is bullish. they will duke it out after the break and tell you where they're putting their money right now. stay tuned. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. da
of the economy. >>> after that, of course, the super bowl wasn't just one of the on biggest sporting events of the year, it was one of the biggest days of the year for madison avenue. we'll take a look at which ads were touchdowns and were ads were fumbles. >> mariana rajoy meets angela merkel. >>> plus, upcoming elections that sylvia berlusconi has called his last great electoral and political battle. >>> the power to split up uk banks if they fail to -- activity. george osborne is expected to give the bank of england the responsibility to make sure banks are involved in these activities. you have to love the extended analogy. watch the george osborne speech live here at 10:30 local for those of you here with us in the uk. in the meantime, there are more charges at the top over at barclay's. last night, the bank's financial chief and financial chief announced their leaving. tomorrow, barclay's ceo anthony jenkins will face questions in parliament over banking standards and next week he will present his long awaited plans for transforming the bank. >>> and a number of stories about rbs also
say the says holding back the economy, the federal reserve is holding back the economy. >> steve liesman will be along at 7:30 eastern. i don't think he would buy into that. we will be here with the release of cnbc's exclusive fed survey. and from the better late than never file, the senate has approved the long delayed $50.5 billion aid package for the vikt manies of superstorm sandy. the approval comes three months after the storm ravaged the east coast destroying thousands of homes and is business in new york and connecticut and new jersey. nine republicans joined democrats in voting yes on the measure. now president obama must sign it into law, which he is expected to do. senate leaders held up the aid and for wrangling' over the new rules, filibusters and some pork in there and all kinds of stuff. andrew asked me today -- i love this. is it okay to wear a jacket? it's fine to wear a jacket when you want to because of -- he goes, look, this shirt needs a jacket. that begs the question, where do you wear a shirt that needs a jacket to cover it up? >> because it's a different l
. there are questions whether it cause as drag on the economy. it is inching closer to that. a big jump by a dollar up to $97.46. a little higher in after-hours trading that is how it settled today. we'll have to keep a close eye on oil. we have a trader who says this is nothing. we're about to go oil rally that will see all-time highs. he is coming up later this hour. liz: higher crude push helped energy etfs hit new 52-week highs. erx, makes a three times bullish bet on oil. we flip it over to the iye. this is up 5%. this is up with one and change. 1 1/2%. top holdings include exxonmobil, chevron and schlumberger. dynamic energy exploration etf. pxe. top holdings, hess, valero and marathon oil. looking good. david: we're awaiting into us from amazon. they're about to report. we'll have the numbers, full analysis as soon as the numbers are released. brace yourself. we have a leading analyst who says this year oil could rise to record levels, forget about that jump back in 2008. he says we haven't seen the numbers coming up for 150 years. find out why. liz: okay. corning's gorilla glass, we've shown i
away unless the president reaut rides it. jay carney said yesterday even though the economy shrank in the 4th quarter it is still showing signs of life. oo there was positive economic growth in 2012 and 2011 and, you know, we continue to believe as outside forecasters believe that unless actions by those in washington take us in a different direction we will see positive economic growth and job creation this year. >> kevin brady sees things a little differently. he says this is a quote, this president's recovery ranked near the bottom in mainstream job creation. we are 3 million jobs below the prerecession peak of january 2008 and 4.3 short of an economic recovery. >>> the white house blogged about the job's council last meeting over a year ago. the council offered president obama 35 specific recommendations that did not require legislative action that he took action on 33 of them and his administration had already implemented 16. there will be zero additional action from the jobs council unless the president reaut rideses it by the end of today. heather and ainsley. >> peter doocy
everybody's wallet just as taxes go up on every paycheck. plus, the economy is shrinking, unemployment is rising and the president calls forever higher taxes. a gas spike could not come at a worse time. $2900 per family. this is what happens when bernanke pushes down the value of the dollar. off goes oil and off goes gas. this is the inflation that everyone sees and everyone feels. varney & company about to begin. did yoknow not all fiber is the same? citrucel is different- it's the only fiber for regularityhat won't cause excess gas. it's gentle and clinically proven to help restore and maintain regularity. look for citrucel today. stuart: breaking news from dell, as expected. the company is going private. the stock is up 30% this year. it is a done deal. i have a whole raft of tax stories for you. first item, the feds propose to legalize marijuana and establish new pot tax. that would bring in an estimated $20 billion a year. passage of the law a longshot at best. today congressman eric cantor will give a speech on just how expensive it is to raise a family and how higher taxes will
of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. making the big romantic gesture. that's powerful. verizon. get a nokia lumia 822 in red for free. ♪ lou: a federal appellate court friday ruled president obama violated the constitution when he made three recess appointments to the national labor relations board. my guest, served on the nlrb and served as its chairman as one of two members on the board until in 2010 the supreme court declared the board could not authorize rulings with fewer than three members. joining me now is the former chairman of the nlrb. good to have you here. there is great irony here in the rulings in the democratic response, the white house response, but effectively what they're saying is this, that they see appellate court, 218 rulings are now in the air by some judgments. they are also saying without question that
. the economy is starting to improve. i want to see it improve even faster. and in a broader sense, so that those who are at the lower end of the economic scale, including african-americans, latino americans and others can start to come up. ultimately, those numbers that you just cited are going to be fixed by an improving economy and an economy that is spread out more. and more and more african-americans will benefit and latino americans if they also get the education needed for the more demanding jobs. >> bill: you seem to be voting again on hope in 12 because we haven't seen an economic improvement in this country very much. and, in addition, the big spending policies of the democratic party and the president have driven the debt as you know to close to $17 trillion and he is the biggest spending president in history. you said something very interesting. education. we spend more per capita on education than any other country in the world than switzerland. all right? it isn't the money. but the money continues to flow. it's the discipline. it's the descent congratulation of the famil
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on the economy, on small business, on immigration, on helping the middle class, on all of it, on every single thing they were asked about. the only two categories where latinos in swing states pick republicans over democrats is when they're asked who is more anti-immigrant and who cares more about helping rich people. republicans win on those two questions, being anti-immigrant and digging rich people. but democrats win on all of the rest of the policy issues. the exit polls from the 2012 electorate showed a latino electorate that was more liberal on gay marriage than the country as a whole. the exit polls from the 2012 election showed a latino electorate that is more supportive of abortion rights than the country as a whole. more supportive, not less. more. there is this myth that if republicans can just stop being so offensive to latinos in the alienating way they have talked about latinos as an ethnic group and as a political constituency, if they can just get mainstream on the issue of reforming the immigration system, just go along with the democrats on this, we'll just hold our nose and
of 2009, two wars an economy in free fall, traditional alliances fraying, diplomatic standing damaged and around the world, people questioning america's commitment to core values and our ability to maintain our global leadership. that was my inbox on day one as your secretary of state. >> quite an inbox. clinton went onto say since then, america's strengthened its standing. tomorrow, john kerry will be sworn in as clinton's successor of secretary of state. and we'll be right back. >>> welcome back to "hardball." it feels like we report news like this far too often, but today a student was shot in the head at an atlanta middle school and remains hospitalized. the suspect, a fellow student, has been apprehended. keep that in mind as you listen to the right wing voices resisting even common sense gun restrictions. they emptied their entire bag of tricks, everything from why have laws to citizens need military caliber guns because police budgets have been slashed, but one argument made by gayle trotter was slippery and misleading. one democratic senator called her bluff. here is the seque
this afternoon. >> mr. speaker and president obama missed a great opportunity to help the economy. this was supposed to be the day he submitted his budget to the congress. but it is not coming. it will be late. some reports show it could be as much as a month late. i think it is too bad, our economy could use presidential leadership right now. >> fox news, also pretty angry about it this afternoon. >> well, thanks, the nation's debt blowing past 16 and a half trillion today. is this time for the president to blow past another deadline? >> he will never stop trying to raise taxes, whether he can succeed, i don't know, he believes in class war fare and radical wealth redistribution. >> and possibly a half percentage high rise in gdp. the white house should get the budget to congress on time, that is a good thing to do. the fact is, he needed an extension more than anyone, president clinton missed his deadline twice, presidents reagan and bush all missed it once, this evidence, while of course true, was reported by the white house budget committee and ignores a bit the various near s
can mean for business and the economy. he's actually not getting democrats to beat the republicans. he's getting republicans to beat the republicans. it's a great strategy. >> what do you make of it, michael, from the other side? jimmy carter was accused of having too many balls in the air when he was president. this time the president wants to throw a lot at the republicans and keep them off guard. >> it reminds me of 2009 all over again. instead of focusing on the paramount issue that every american is still facing, the jobs, the economy -- >> what's the republican job program? >> it's not about the republican job -- >> you just brought it up. what's your party's program? >> you're asking about the president, let me address the president. didn't ask about the republicans. you asked me about the president. i'm telling what you the president is doing. my analysis of what the president is doing is a smart strategy, as steve noted. he's throwing a lot of things out there to see what sticks, but he also has a problem on the issue like guns that harry reid is not sitting up champing at the
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